On Mar 15, 2009, at 9:14 PM, Chris Gehlker wrote: > Here are a couple of really interesting sites on TARP: > <http://www.jec.senate.gov/index.cfm?FuseAction=Hearings.HearingsCalendar&ContentRecord_id=f5a98684-5056-8059-7609-1a98f3cdde3d >> > and > <http://www.kansascityfed.org/speechbio/hoenigPDF/Omaha.03.06.09.pdf> > > The press is literally full of reports about how politicians are > *shocked* that AIG execs pocketed some of the bailout money. Jesus > Christ! These are the very guys who put their own interest ahead of > both their stockholders and their customers. The government's plan > seems to have been 'lets give them billions or taxpayer money and > trust them to do the right thing'. Is there anyone on nutters who, > given government riches with no regulation, wouldn't keep some? >
We just watched tonight's 60 Minutes interview with Bernanke who claims it sickens him to bail out AIG but that it is necessary in order to avoid a world-wide collapse of the entire financial system. 60M never specifically asked how it was so much of the world's financial vitality was wrested by the jaws of AIG. While an unsuspecting sympathetic character, Bernanke was the consummate salesman (with the help of CBS) -- humbly celebrating his Phd in economics from MIT and later chairing economics at Princeton , his small-town, middle-class Jewish roots who, in his youth. inveighed against the very existence of the FED. It was obvious this segment was about building confidence in the current administration's plan - not that perception isn't most of everything. Kevin > -- > In America, anybody can be president. That's one of the risks you > take. > -Adlai Stevenson, statesman (1900-1965) > > _______________________________________________ > OSX-Nutters mailing list | [email protected] > http://lists.tit-wank.com/mailman/listinfo/osx-nutters > List hosted at http://cat5.org/ _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
